India Tile Adhesive Market Shares 2023 - Pidilite Industries Ltd, MYK LATICRETE INDIA PVT LTD, Saint-Gobain Weber, Fosroc India, BASF India Ltd, Kajaria Ceramics Limited, Bostik, H.B. Fuller Company, SIKA INDIA, ADREX Group and Henkel AG & Co. KGaA

India Tile Adhesives Market – Market Overview

Tile Adhesive is a non-metallic substance which is able to join two substrates using adhesion mechanisms (developed between the adhesive and substrate) and cohesive mechanism (developed within the adhesive itself). They have ultimate flexibility, high bond strength, shock & impact and chemical resistance. Tile Adhesives are used to install tiles in residential, commercial and institutional buildings on floors or on walls.

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India is a potential market for construction activities, therefore, Tile Adhesive demand has been in the rise over the past five years in this market. Growth in India tile adhesive market is highly credible to tremendous growth in residential construction activities and growing ceramic tile consumption. In addition to this, commercial activities are also increasing year by year driven by large investment from foreign countries. However, low profit merging coupled with lesser awareness regarding the tile adhesive has been challenging the growth of this market. The global market has witnessed increasing consumption trend of polymer modified compendious tile adhesives over the past five years. Since the Asia Pacific was one of the prominent market for construction industry, aforementioned trend has been seem followed by Indian market as well.

Key Findings:

The India Tile Adhesive Market is projected to reach USD 136.76 million by 2023 with 9.08% CAGR growth rate during review period of 2017-2023. Among the three major types of Tile Adhesives, cementitious Tile Adhesive accounts for the largest share due to its low price as compared to dispersion adhesive and epoxy tile adhesive. Among residential, commercial, and institutional applications of tile adhesives in the India, residential segment is the dominating the market during the review period and is estimated to reach USD 101.16 Million till 2023.

Segmentation:

The India Tile Adhesive Market is segmented on the basis of Type and End-User.

On the basis of Type, market is divided into cementitious Tile Adhesive, epoxy tile adhesive, and dispersion Tile Adhesive.

Base on Construction Activity, the market is categorized in new construction and repair & renovation.

By Application, the India Tile Adhesive Market is segmented into residential, commercial, and institutional.

Regional Analysis:

The India Tile Adhesive Market is growing at considerable CAGR. This market growth is attributed to the homeowners seeking to replace old and worn floors with modern, aesthetically pleasing tile styles, the Tile Adhesive market experiences a continuous surge in India. In additional to this, increasing demand of decorative tiles in non-residential construction activities such as malls, airports, office buildings, retail outlets, and other municipal and commercial buildings is another factor that drives the Indian Tile Adhesive Market.

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Moreover, the major player are launching new range of products to provide better adhesion and prolonged bonding ability and expanding their production capacities in Tile Adhesives. The major key players in this includes, Pidilite Industries Ltd., Henkel, Huntsman, Fosroc, Bostik, MYK Laticrete India Pvt Ltd., Mapei Construction Products India Pvt Ltd., Ardex Endura, and Sika India Private Ltd., among others.

Fosroc India launched a range of high quality tiling products offering significant improvements over existing tiling solutions to the Indian market. In addition to this, Kajaria has opened its largest state-of-art galaxy store in New Delhi recently. Furthermore, another company named Roff, has opened twenty experience centres in Kerala where the consumers will be made aware of the advantages tile adhesives and grouts made by Roff have, over more traditional methods of tile fixing through a variety of displays and demonstrations.

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